Fitch Downgrades Bank of Ceylon’s Local Currency IDR to CCC-; Maintains RWN
Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long-Term Local-Currency Issuer Default Rating (IDR) to 'CCC-' from 'CCC' and maintained it on …
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Coordinated program is required for Sri Lanka’s recovery – WB, ADB, IMF, AIIB
World Bank (WB), Asian Development Bank (ADB), International Monetary Fund (IMF) and Asian Infrastructure Investment Bank (AIIB) representatives …
World Bank Approves Sri Lanka’s Eligibility to Access Concessional Financing
The World Bank today approved Sri Lanka’s request to access concessional financing from the International Development Association (IDA). This type …
World Growth Forecasts Cut Again as Inflation Fight Intensifies
World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s …
Death of Legendary Tennis Coach Nick Bollettieri (1931-2022)
December 6, 2022 (LBO) - Nick Bollettieri, perhaps the most important figure in the history of Tennis coaching, has passed away at age 91. …
Microsoft and LinkedIn launch program to help people learn digital skills
Today, Microsoft and LinkedIn announced the next step in the Skills for Jobs program, providing free access to 350 courses and six new Career …
United States Provides 9,300 Metric Tons of Fertilizer to Paddy Farmers in Sri Lanka
The United States officially handed over 9,300 metric tons of urea fertilizer to the Ministry of Agriculture to distribute to more than 193,000 …
USAID launch Island plastic challenge to help consumer goods companies address plastic waste
In support of the Ministry of Environment's policy on plastic waste reduction, the United States Agency for International Development’s (USAID) …
Sinopec to Import and Market Sri Lanka Products at 27,000 Outlets
Sinopec, the giant oil company with over 27,000 service stations in China, entered into an agreement with the Beijing Sri Road Connection Trade …
Cinnamon Air Resumes Daily Scheduled Flights in Paradise
Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic. …
Exterminators PLC transfers to CSE Diri Savi Board
The Ordinary Voting Shares of Exterminators PLC transferred from the Empower Board of the CSE to the Diri Savi Board with effect from …
Five Thousand hectares in Monaragala, Kotiagala for farming on a temporary basis
A discussion was held at the Presidential Secretariat yesterday (01) under the patronage of President's Senior Adviser on National Security and Chief …
Fitch downgrades Sri Lanka’s Long-Term Local-Currency IDR to CC; affirms RD Foreign-Currency IDR
FitchRatings has downgraded Sri Lanka's Long-Term Local-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC', and has affirmed the Long-Term …
ComBank raises Rs10bn after debenture oversubscribed on opening day
The Commercial Bank of Ceylon has announced that its Rs 10 billion debenture issue closed within hours of opening after it was oversubscribed on …
CCC Proposals on State Owned Enterprise Reform
The presence of SOEs in strategic sectors of Sri Lanka is proof of the significant value creation it can generate through spillover effects. The …
Hapag Lloyd Lanka & Aitken Spence Travels boost tourism through luxury cruise Mein Schiff 5
Boosting the revival of the tourism industry in Sri Lanka, Hapag Lloyd Lanka ushers in super luxury cruise ‘Mein Schiff 5’ on the 29th of …
Export earnings decreased by 8.2-pct y-o-y in October 2022
Earnings from the merchandise exports decreased by 8.18 % y-o-y to US$ 1,094.8 Mn in October 2022 as per the data released by Sri Lanka Customs. This …
Deceleration in inflation expected to continue in ensuing period: Central Bank
The deceleration in inflation is expected to continue in the ensuing period, supported by subdued aggregate demand pressures, expected improvements …
CBSL expects downward adjustment in bank interest rates; looking at imposing administrative measures
The Monetary Board of the Central Bank has noted with concern the anomalous rise in market interest rates, particularly deposit interest rates and …
Sri Lanka’s Central Bank maintains policy interest rates at their current levels
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate …
65-pct probability for rates to remain unchanged at upcoming policy review: FCR
First Capital Research (FCR) assigns a probability of 65% for policy rates to remain unchanged at the upcoming monetary policy review while also …
Government’s attention to resume negotiations on free trade agreements
Government’s intention was to resume the negotiations on free trade agreements said Secretary to the President Saman Ekanayake. It is the vision of …
Fitch Withdraws Sarvodaya Development Finance’s Rating
Fitch Ratings has withdrawn Sarvodaya Development Finance PLC's (SDF) National Long-Term Rating of 'B+(lka)'. The rating was on Rating Watch …
Emirates to operate double daily direct flights to Colombo from 1 December
Emirates has announced plans to add one more daily direct flight between Dubai and Colombo from 1 December 2022 to cater to the seasonal increase in …